Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Blockchain Technology [S01E04]

Elvin Zhang's Podcast Interview by Syed Irfan Ajmal

Elvin Zhang [LinkedIn | Facebook] is a Singapore-based polymath and startup founder with his interests ranging from Quantum Physics to Blockchain and Fintech. He, believe it or not, has also won an award for playing a unique Chinese musical instrument.
Try the below apps to listen to Elvin speaking on his 6-figure startup exits, common startup mistakes, the right VC pitches, and blockchain technology:

 

 

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - Apple Podcasts

Apple Podcasts

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - Spotify

Spotify

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - Stitcher

Stitcher

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - Google Play Music

Google Play Music

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - Castbox

Castbox

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - Anchor

Anchor

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - Radio Public

Radio Public

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - Overcast

Overcast

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - PocketCasts

PocketCasts

 

 

 

 

 

 

 

[SHOW NOTES] In this episode Elvin Zhang speaks about:

• why he rejected UC Berkley after receiving rejections from MIT, Stanford, and Harvard (and why he lied about it to his parents)
• Elvin’s first business in a $100 million Singaporean industry
• Elvin’s first exit (a 6 figure USD amount)
• How Toucan Pay came into being
• Why Peter Theil’s Zero to One concept means different things for different startups
• Things startup founders should keep in mind while making a pivot
• Mistakes made by Elvin in his previous startups
• The right way to pitch to VCs
• Elvin’s insights into Blockchain Technology, and what this technology means for FinTech and other industries.

Elvin shared in great detail why:

     (i) decentralization is not necessarily required by most networks of today 

    (ii) how decentralization can help in a mature network by eliminating a central point of failure

    (iii) Elvin’s personal three-pronged criteria for evaluating blockchain & ICO projects including
            (a) whether you really need a blockchain (i.e. decentralizatioN) in the first place (this depends on the amount of mistrust in the current way of doing things)

           (b) what type of decentralization is needed, and how much of decentralization? For instance, Ethereum and Bitcoin can be accessed by anyone, whereas a consortium of banks may be on the other end of the spectrum with a closed and restricted blockchain network. All 3 forms of decentralization (public, hybrid, private) requires a different use case depending on the amount of privacy required. 

           (c) do you really need a new type of crypto-token (rather than using something like, say, the Ethereum token/platform)?
 

You can listen to this episode on the following platforms.

 

 

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - Apple Podcasts

Apple Podcasts

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - Spotify

Spotify

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - Stitcher

Stitcher

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - Google Play Music

Google Play Music

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - Castbox

Castbox

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - Anchor

Anchor

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - Radio Public

Radio Public

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - Overcast

Overcast

Elvin Zhang on 6 Figure Exits, Pitching to VCs, & Startup Mistakes [S01E04] - PocketCasts

PocketCasts

 
 
 

 

 
 
 
 

This episode was brought to you by your host:

Syed Irfan Ajmal is an award-winning serial entrepreneur and a seasoned digital marketer.
He is an international speaker, and speaks and conducts trainings at various organizations and events of Pakistan and UAE.
Moreover, he also writes about entrepreneurship and digital marketing for various large publications of the USA, UK, Canada, and Pakistan including Forbes ME, the World Bank, Huff Post, Business.com, Virgin, and others.
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